Bank of Sharjah reported a net profit of Dh116 million for the first quarter ended March 31, 2025, a 45% increase from Dh80 million in the same period last year. Operating income rose 40.6% year-on-year to Dh201 million.
Net interest income reached Dh143.95 million, up from Dh88.53 million in Q1 2024.
Profit before tax increased by nearly 55% to Dh130 million. Total assets stood at Dh44.8 billion as of March 31, 2025, with customer deposits at Dh30.5 billion.
The bank’s capital adequacy and liquidity ratios remained above regulatory requirements.
In 2024, Bank of Sharjah reported a profit before tax of Dh416 million, reversing a loss of Dh275 million in 2023.
